Fujairah's market - reliant on ships crossing the Strait of Hormuz for its demand - is largely on hold until clarity emerges, local sources tell Ship & Bunker.
Regulators may be tempted to waive sulfur caps for shipping to free up middle distillates for use elsewhere, but the idea would face significant barriers.
2025's total demand level at global hubs reached the highest level since 2019, according to the latest market survey from Ship & Bunker and 2050 Marine Energy.
